Gold Rate Today 23 December 2023, Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today 23 December 2023 in India is of utmost importance. Whether you are a seasoned investor, a jeweler, or simply someone interested in the economic trends of the nation, knowing the current gold rates can significantly impact your decisions.

Vaarta bharat will provide you with up-to-date information on gold prices in India, including historical context, factors influencing the prices, and how to make the most of this valuable data.

Introduction

Gold has been a symbol of wealth and prosperity in India for centuries. Its value transcends mere economic considerations, often taking on cultural and emotional significance. Understanding the dynamics of gold prices in India is essential, as it affects not only individual investors but also the broader economy.

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate Today 23 December 2023 in India

As of today, the value of Gold is especially important for experts. Following the price of gold is important for those who view it as an investment and who want to check the stability of its value.

Taken from jewellers. Gold prices in India today are Rs 5,820▲ per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,349▲ per gram.

Gold Rate Today 23 December 2023 in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,820 5,800 20▲
8 Gram 46,560 46,400 160▲
10 Gram 58,200 58,000 200▲
100 Gram 5,82,000 5,80,000 2,000▲

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate Today 23 December 2023 in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,349 6,323 26▲
8 Gram 50,792 50,584 208▲
10 Gram 63,490 63,230 260▲
100 Gram 6,34,900 6,32,300 2,600▲

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 4,762 4,745 17▲
8 Gram 38,096 37,960 136▲
10 Gram 47,620 47,450 170▲
100 Gram 4,76,200 4,74,500 1,700▲

You should keep in mind that small fluctuations can occur in the value of gold, and this may include market conditions, economic signals, and global events.

Gold Price in Indian Major Cities (10 g):-

City22 K Today24 K Today
Mumbai 58,200 63,490
Chennai 58,750 64,090
Delhi 58,350 63,640
Bangalore 58,200 63,490
Kolkata 58,200 63,490
Jaipur 58,350 63,640
Pune 58,200 63,490
Hyderabad 58,200 63,490
Kerala 58,200 63,490
Ahmedabad 58,250 63,540
Lucknow 58,350 63,640
Patna 58,250 63,540
Nagpur 58,200 63,490
Chandigarh 58,350 63,640
Mysore 58,200 63,490
Gurgaon 58,350 63,640
Noida 58,350 63,640
Rajkot 58,250 63,540
Ludhiana 58,350 63,640
Goa 58,200 63,490

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Price in India Last 10 Days(10 g):-

Date22 K Gold24 k gold
Dec 23, 2023 58,200 (200▲) 63,490 (260▲)
Dec 22, 2023 58,000 (250▲) 63,230 (230▲)
Dec 21, 2023 57,750 ( ~ ) 63,000 ( ~ )
Dec 20, 2023 57,750 (350▲) 63,000 (380▲)
Dec 19, 2023 57,400 ( ~ ) 62,620 ( ~ )
Dec 18, 2023 57,400 (100▲) 62,620 (110▲)
Dec 17, 2023 57,300 ( ~ ) 62,510 ( ~ )
Dec 16, 2023 57,300 (450▼) 62,510 (490▼)
Dec 15, 2023 57,750 (100▲) 63,000 (110▲)
Dec 14, 2023 57,650 (1000▲) 62,890 (1090▲)

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Price in Major Countries (22 carat & 24 carat)

Country22 K Today24 K Today
Kuwait 53,366 56,481
Bahrain 53,200 56,512
Oman 54,078 56,674
Qatar 54,508 57,937
Singapore 53,194 59,041
United States 52,433 57,010
Dubai 52,177 56,369
Muscat 54,078 56,674
Abu Dhabi 52,177 56,369

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Gold Rate in Delhi 22 & 24 Carat

As of today, the price of gold changes day to day. As per recent date, gold prices in Delhi today are Rs 5,835 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,364 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,835 5,810 25▲
8 Gram 46,680 46,480 200▲
10 Gram 58,350 58,100 250▲
100 Gram 5,83,500 5,81,000 2,500▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,364 6,338 26▲
8 Gram 50,912 50,704 208▲
10 Gram 63,640 63,380 260▲
100 Gram 6,36,400 6,33,800 2,600▲

Also Read | 1 kg Gold Price in India, Gold Rate Per KG 22 & 24 Carat

Global Economic Conditions

The global economic climate plays a pivotal role in determining gold prices. During times of economic uncertainty, investors often flock to gold as a safe-haven asset, driving up its demand and price.

Currency Fluctuations

Gold rate are closely tied to currency fluctuations, particularly the strength of the Indian Rupee against the US Dollar. A weaker Rupee typically leads to higher gold prices.

Geopolitical Events

Political instability, conflicts, and international events can create sudden spikes in gold prices as investors seek refuge from uncertainty.

Demand and Supply Dynamics

The basic principles of supply and demand also apply to gold. Increased demand, especially during festive seasons, can drive prices up.

Central Bank Policies

Decisions made by central banks, such as interest rate changes or monetary easing, can impact gold rates. Lower interest rates often lead to higher gold prices.

How Gold Prices Are Determined in India

In India, gold prices are primarily determined by the bullion markets, where physical gold is bought and sold. These prices are influenced by various factors, including import duties and taxes and the exchange rate between the Rupee and the Dollar.

To make informed decisions about gold investments, it’s essential to review historical price trends. Over the last decade, gold rates in India have experienced significant fluctuations.

The Role of Gold in Indian Culture

Gold is deeply embedded in Indian culture, from weddings to festivals. It’s not just a form of investment; it’s a symbol of tradition and prosperity.

Investing in Gold: Strategies and Options

Investors have multiple avenues for investing in gold, ranging from physical gold to Gold Exchange-Traded Funds (ETFs). Timing and diversification strategies can maximize returns.

Where to Find Reliable Gold Price Information

Accessing accurate and up-to-date gold price information is crucial. Reliable sources include government websites, financial news portals, and mobile apps.

How to Interpret Gold Price Data

Understanding gold price charts and patterns can help investors make educated predictions about future price movements.

The Impact of Gold Prices on Other Assets

Gold rates can have a ripple effect on other asset classes, including stocks, real estate, and even cryptocurrencies.

Buying and Selling Gold in India

Navigating the Indian gold market involves various options, from traditional jewelry stores to online platforms. Each has its pros and cons.

Safety and Security Concerns

Storing physical gold safely and being aware of potential scams is paramount when dealing with this precious metal.

Taxation on Gold Transactions

Investors need to be aware of taxation rules, including capital gains tax and GST on making charges, when buying or selling gold.

Gold Price Predictions for the Near Future

Expert opinions and market sentiments often provide valuable insights into where gold prices might be headed.

Understanding gold price today in India is not just a financial endeavor but a cultural and economic one. Armed with knowledge, individuals and businesses can make informed decisions, ensuring that gold remains a valuable part of their portfolios.